GlobalFoundries is scooping up former Renesas engineers who were pushed out as the Japanese company remakes itself.
No official data has been released about how many Japanese semiconductor
engineers have already left their employers and are currently working
at non-Japanese companies in South Korea, Taiwan or in China. Some suspect
that there are many. These are Japanese engineers who cut their teeth
and honed their skills in semiconductor manufacturing processes at their Japanese employers.
GlobalFoundries’ Fab 8 initiative is
looking particularly timely today, even though counting on ex-Renesas
engineers probably wasn’t the foundry’s original intention.
Renesas employees’ expectations for the company and its management have
sunk to all-time low. More than 7,511 employees last September applied
to the early retirement program, for which Renesas had originally
expected around 5,000 applicants. The unexpectedly high number was
widely reported in Japan then as an early warning sign of an exodus at
According to a survey about the company’s future,
conducted by Renesas’ "unofficial" group consisting of the company's current and former employees, 46 percent of the group responded: “Renesas will collapse within the next few years.”
Thirty-two percent said, “Renesas will gradually deteriorate.” Those who
predicted a slow recovery of the company was limited to 6 percent.
asked what is most needed for Renesas’ recovery, the answer that got
the most responses – 39 percent – was: “Better management.”
However, the survey sample had only 75 responses, according to a Renesas spokesman.
iniewski, that's a good question. The rumor I heard, but not confirmed, is that if you are a professional engineer currently paid $100K, you get $100K for retirement money + $200K as an incentive for early retirement.
That, indeed, ain't bad at all.
"These engineers are getting prepped to be sent to New York as an initial batch, with as many as another 100 to 200 to follow, the source said."
Sounds almost like we're talking about products instead of people.
You are absolutely right. If you're talking about percentage, it's probably negligible.
But think about Major League Baseball. 20 years ago, only Nomo and a few other Japanese players were playing in the US. It's still a small percentage but more Japanese ball players are visible in the US today.
Unlike Chinese, Japanese never had a diaspora. But you may start seeing more skilled Japanese semi professionals soon outside Japan.
"No official data has been released about how many Japanese semiconductor engineers have already left their employers and are currently working at non-Japanese companies in South Korea, Taiwan or in China. Some suspect that there are many."
I would love to see the data if any. But I suspect there arent many. Over the past few years I guess atleast 100K people would have been displaced from their jobs in semi/CE sector. The few 100's hired by GloFo is probably only a very small % of the displaced workers. In addition,based on my experience of working for a semi company in Japan, most semi engineers doesnt speak English, which is also a major hurdle for relocation.
At some point in the life of a technology startup company, the CEO and the founding team will be confronted with the question of whether to sell the company or not. Hopefully, the question arises in a positive context and comes from an interested buyer driven by the opportunity to deploy the new technology to a much larger user base.
The IoT, wearables, and 3D printing-focused Designers of Things conference has also partners with the IPSO Alliance to call on entrepreneurs, makers, students, and professional engineers to submit designs using IP.